SUSTAINABILITY Effect of
waste oil on lubricant industry sustainability
Srđan Sokolović, MBA, PhD, Business Development Expert, Owner, Sowa Solutions
Net zero represents the reduction of carbon emissions to a small amount of residual emissions, where these residual emissions would be absorbed and durably stored by nature and other carbon dioxide removal measures, leaving zero in the atmosphere [1].
The EU is aiming to reach climate neutrality by 2050, which would mean that it would have an economy with net-zero emissions. This is the main objective of the European Green Deal, which is legally binding target to the European Climate Law [2].
In this complexed task all the parts of society and economic sectors will play a role, including power sector, industry, transport, building, agriculture and forestry.
This is a good chance for the European Union (EU) to lead the way by developing and implementing new technologies solutions, empowering citizens and ensuring action to support a smooth transition in key areas such as industrial policy, finances and research.
Reaching Net Zero is also in line with the EU’s commitment to global climate action under the Paris Agreement and long-term strategy which was submitted in to United Nations Framework Convention on Climate Change (UNFCCC) [2].
Regarding Member States of EU, they have developed national long term strategies on how they plan to achieve greenhouse gases emissions reductions needed to meet their commitments according to the Paris Agreement and EU’s climate neutrality objective.
The United Kingdom is also committed to the task of reaching net zero by 2050 [3]. In order to reach this target, the UK Government has adopted a set of policies which are defined in two strategy publications [3]: • Net Zero Strategy (2021) • Powering Up Britain: The Net Zero Growth Plan (2023)
Until 2030 countries must cut emissions by at least 45 per cent compared to 2010 levels [1].
Figure 2: The mid-term 2030 goal [1] Figure 1: Paris Agreement [1]
Waste oil All around the world, lubricants are present in applications for the reduction of friction, heat, and wear between mechanical components that are in contact with each other.
Continued on page 26 20 LUBE MAGAZINE NO.187 JUNE 2025
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